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Every DTFC's loan review function shall ensure that:
i.
the loan portfolio and lending function conforms to a sound written lending policy, which has been approved and adopted by the board or its delegated authority;
ii.
management and the board are adequately informed regarding credit risk, among other risks and risk management control effectiveness;
iii.
problem accounts are identified properly and on a timely basis and internally classified in accordance with the classification criteria in these regulations; and
iv.
appropriate and adequate level of provisions for potential loss are made and maintained at all times.
